TG Therapeutics Shares Fall After 1Q Earnings Miss

Dow Jones
2025/05/06
 

By Katherine Hamilton

 

TG Therapeutics shares declined after the company's first-quarter earnings fell short of expectations.

Shares slid 13% to $37.99 on Monday following its earnings release. The stock is still up 26% this year.

The Morrisville, N.C., biopharmaceutical company posted a profit of $5.1 million, or 3 cents a share, in the three months ended March 31, compared with a loss of $10.7 million, or 7 cents a share, the year before.

Analysts polled by FactSet were expecting a profit of $28.0 million, or 17 cents a share.

Revenue rose to $120.9 million, up from $63.5 million the year before. That was ahead of the $117.9 million Wall Street expected.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

May 05, 2025 12:09 ET (16:09 GMT)

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